GBPUSD at a Crossroads
Currently, GBPUSD is in a very strong and critical zone. It is a zone that has been tested many times in the past and rejected by the price.
GBPUSD failed to make a new higher high during the FOMC meeting, so the chances of a decline are high.
Bearish Scenario:
If the price stops where it is now, the chances are that it will fall to 1.3800 and 1.3760.
However, the risk is very high.
Bullish Scenario:
If GBPUSD moves above the top of the 1.3870 pattern, then the chances of reaching 1.3940 and 1.4 will increase.
You may find more details in the chart.
Thank you and good luck! 🍀
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